Property Overview: 258 Ellen Street, Winnipeg
Key Characteristics & Appeal
This one-and-three-quarter storey home, built in 1890, presents a classic character property in Winnipeg's Centennial neighbourhood. With 1,170 sqft of living space on a 2,551 sqft lot, its scale is modest and manageable. The home features a detached garage and no basement. Its primary appeal lies in its historical roots and its position as an entry-point property. The assessed value is notably low compared to city-wide averages, suggesting a potentially lower property tax burden and an accessible price point for a standalone house.
This property would suit a specific buyer: a first-time purchaser, an investor, or a hands-on individual looking for a project. It’s ideal for someone prioritizing land ownership and character over modern square footage or finishes. The data indicates the home is smaller and older than most in the city, but it holds its own within its immediate Centennial area for living space. This creates an interesting dynamic—it’s a historic home that isn't overwhelmingly large, making restoration or renovation projects more conceivable. The buyer should be prepared for the realities of a 136-year-old home and view it as a long-term investment in a neighbourhood, rather than a move-in-ready showcase.
Frequently Asked Questions
1. What does "one-and-three-quarter storey" mean?
This is a traditional architectural style where the second floor has slightly less than full ceiling height, often with sloped ceilings or dormer windows. It maximizes space in the upper level while maintaining a charming, classic exterior profile.
2. The assessed value seems very low. Does that mean the sale price will be low?
Not necessarily. The assessed value is used for calculating property taxes and can often be significantly lower than market value, especially for older homes. The sale price will be determined by current market conditions, buyer demand, and the home's condition.
3. There's no basement. What are the implications?
This means all mechanical systems (furnace, water heater), utilities, and storage must be accommodated on the main floors. It limits storage space and may affect placement of laundry facilities. It's a crucial layout factor to consider for your needs.
4. The home ranks "below average" in many metrics. Is that a bad sign?
It provides important context. The home is smaller and on a smaller lot than many Winnipeg houses, which is reflected in its lower assessed value. However, within its own Centennial neighbourhood, its living area is around average. This highlights it as a more typical, modest-sized home for that specific, established area.
5. What should I investigate given the age of the home?
A thorough inspection is essential. Key focus areas for a home from 1890 will include the foundation, structural integrity, roof, wiring, plumbing, and insulation. Understanding the state of these major components will be vital for budgeting any updates or repairs.